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Commonwealth Games 2010 to be revenue-neutral
Despite setting an ambitious target of generating revenues in excess of Rs 900 crore, the organisers of the ‘Commonwealth Games 2010 Delhi’ expect the event to be “revenue neutral”, meaning all that is earned through TV rights and other commercial deals will be spent on the game.

Opto Circuits signs pact with OEM for joint development
Opto Circuits (India) Ltd. (OCI), a manufacturer of invasive and non-invasive medical devices, today announced that Criticare Systems Inc, its wholly owned subsidiary, has signed a long-term development agreement with an OEM customer. The agreement provides for a joint development programme focused on a new modular and MRI-compatible patient monitoring system.

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Pak media hails resumption of Indo-Pak talks
Hailing the decision of the two neighbouring countries to resume dialogue, the Pakistan media today said credit must go to both sides for "seizing the moment and breaking the impasse" and that they should build on the "breakthrough" achieved in the meeting between the two Prime Ministers.
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Workers' Union demands removal of PPT chief

The Paradeep Port Workers" Union has sought the removal of K Raghuramaiah, the chairman of the Paradeep Port Trust (PPT). - Expert team to probe cause of vessel capsize - Oil spill from sunken ship raises pollution concerns - State asks OSDMA, pollution board to prevent oil spillage - Apex court sets aside HC order on Paradip Port - Steel units peeved over PPT's priority berthing - Construction of Paradeep IOC refinery to start in 2010-11 The union held the PPT chairman responsible for sinking of MV Black Rose, an iron ore carrying vessel which capsized in the sea near the port about two weeks back, stating he was continuously allowing old vessels to enter the port for export and import of cargo. The port workers" union has submitted a memorandum to the Prime Minister, Union minister for shipping and the Orissa chief minister, demanding removal of Raghuramaiah as the chairman of PPT. They also demanded the setting up of a high-level investigation committee to probe the matter. Sudhakar Mantry, working president of PPT Workers" Union, said, “The PPT chairman did not take any step to retrieve oil from the sunken vessel. His frequent absence in Paradeep has been a setback to the port administration.” The workers union alleged that some private surveyors are being allowed by the PPT to survey vessels ignoring government certified surveyors. Moreover, the trimming work of the cargoes in the hatches of the ships is not being done in a proper manner in the absence of adequate number of cargo handling workers and deck foremen. According to the memorandum, the loading and unloading of cargoes have unexpectedly been minimized and PPT is losing revenue up to Rs five crore every month. “The berths and plots of the Paradeep port have been damaged due to want of proper repair and maintenance. The PPT chairman has committed the gross mistake of directly taking over the responsibility of transferring the plots to the ship traders”, the memorandum stated. The memorandum pointed out that outsiders were being allowed to enter the prohibited areas of the port.


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